Forex Entourage Review – Legit Or Scam?

Forex Entourage ReviewHave you been paying attention to all of the hype for Forex Entourage?

If you told me someone had pitched the opportunity to you lately, this wouldn’t surprise me. It’s making all the rounds on social media lately.

Next, I want to tell you that I am neither an affiliate or distributor for Forex Entourage – I want to give you an unbiased opinion.

Is it a scam? Can you trust Forex Entourage?

Read all about it in my Forex Entourage review so you can learn the full truth!

Does it deliver on the promises in the marketing materials?

Let me explain in my review of Forex Entourage.

Let’s carry on.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Can You Tell Me About Forex Entourage?

On the official website for Forex Entourage, you won’t find any concrete information on who owns the company or who’s running things on a day-to-day basis.

The domain name for Forex Entourage’s site (forexentourage.net) was initially registered on July 16, 2013, and it was then updated this year on July 14, 2017.

Sawicki Tomasz is listed as the owner for the domain, and along with this, an address in Roubaix, France is also provided.

Having an address tied to a domain name is encouraging at first, but after further research into it, it became clear that it’s nothing more than a virtual address seeing as how it’s tied to other various domain registrations.

Going back to the website itself, Forex Entourage lists two different corporate addresses — one of which is in Utah in the United States and the other in the United Kingdom.

The address in the UK is actually a forwarding address, and I was unfortunately not able to confirm as to whether to not the Utah address was physical or virtual.

There is a BBB listing for Forex Entourage LLC, and it was created last year on December 15. 2016. An address in Utah is provided here as well, but strangely enough, it’s different from the one that’s used on the Forex Entourage website.

The BBB listing for Forex Entourage LLC also lists the Managing Member as Paul A Romero and the “Coowner” as Pablo Romero.

After looking up these two names, I found myself at the official Instagram account for Forex Entourage. Here, it’s stated that a man by the name of Paul Rome is the CEO for the business.

The Paul Rome that’s being described here is likely Paul A Romero, and the man goes by his actual full name on Facebook. Additionally, Pablo Romero does the same thing.

Unfortunately, neither Paul or Pablo’s Facebook pages reveal any helpful information regarding their past involvements in the world of MLM.

Forex Entourage Scam

Does Forex Entourage Offer Any Products?

As you’d expect from a company by the name of “Forex Entourage”, you can purchase various forex packages from it.

There are four main packages to choose from, and they include the following:

  • Forex First — access to an application, live help sessions, and “quality signals with over 80% accuracy” for $170 upfront and then $110/month afterwards
  • Forex ATM — “hands free trading” for $235 upfront and then $175/month afterwards
  • PIP Analyzer Pro — Described as a way to “let our proprietary algorithms take away the headache of finding profitable entries…the pip Analyzer Pro is designed to analyze the markets and find high probability entires for you!” Costs $235 upfront and then $175/month afterwards
  • #AllIn — Includes everything offered with the above packages; costs $301 upfront and then $241 each month

What Kind Of Compensation Plan Does Forex Entourage Have?

After joining Forex Entourage and buying one of the above packages, you’ll then be tasked with selling these packages to both retail customers and other affiliates that have been recruited into Force Entourage.

Affiliates earn recruitment commissions through a unilevel system, and with this, member earn $25 on personally recruited affiliate in the level 1 spot, $10 on affiliates recruited into level 2, and $5 on level 3 members.

A binary system is also used for both residual commission and a monthly ROI payout, and with it, points are added to the binary whenever packages are purchased either by retail customers or other affiliates.

More points are added when more expensive plans are purchased, and at the end of every month, Forex Entourage tallies up how many points were generated and then pays out shares to affiliates within the company.

Earning more shares requires more points to be generated within the binary, and as you get your share count up, you also receive a higher weekly payment cap.

What’s worth noting is that affiliates are required to recruit at least two other members in order to earn on the residual commissions being offered here.

What Is The Cost Of Membership With Forex Entourage?

If you’re interested in joining Forex Entourage, you’ll need to first cover a standard affiliate membership fee for $60. Once that’s paid, you’ll then need to buy into one of the following packages:

  • Forex First package for $110/month
  • Forex ATM package for $175/month
  • PIP Analyzer Pro — $175/month
  • #AllIn — $241/month

Should I Be Worried About A Forex Entourage Scam?

Every business opportunity on the web has good reviews and bad reviews – so is Forex Entourage really a scam?

Is there a Forex Entourage scam or is this business legit?

If I am being honest, I’d say it’s not really a scam, but there are some important points to be aware of.

Learning the business weaknesses and having a strong marketing strategy is what will make you successful.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Conclusion for Forex Entourage

It should go without saying, but whenever shares and monthly payments come into play, it’s pretty obvious that you’re dealing with ROIs.

Alexa rankings showcase that 80% of Forex Entourage’s traffic comes from the United States, and along with this, we also have the corporate address in Utah.

With these two things in mind, it’s safe to say that Forex Entourage has a pretty heavy involvement in the United States.

Any company that offers securities or ROIs in the US needs to be registered with the SEC, and after looking through the SEC Edgar database, I found absolutely no listings for Forex Entourage.

In other words, Forex Entourage is offering illegal securities to people in the US.

Along with this, Forex Entourage is also potential operating as a Ponzi/pyramid hybrid scheme because of the way the compensation plan is laid out.

Those are three big red flags, and they’re all reason enough for you to steer clear of Forex Entourage.

If the SEC doesn’t shut it down soon, it’ll collapse on its own due to a lack of funds.

Either way, most affiliates who join are guaranteed to lose out.

I hope you are finding the information in my Forex Entourage Review helpful?

Some of the other reviews I saw had very little details, so I am hoping I gave you everything you need here.

If you’re wanting to become a member of Forex Entourage, make sure you take the time to develop a marketing strategy.

And, my FREE training below will help you do that and make money!

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Speak Your Mind

*